HOUSTON: Citroniq Chemicals, an innovative producer of carbon-negative materials on a worldwide level, and Mitsui Plastics, owned by Mitsui & Co. (U.S.A.), Inc., which is in turn owned by the renowned Japanese company Mitsui & Co., Ltd., recently signed a letter of intent that serves as the foundation for their long-term association. The document outlines a plan for supplying sustainable Polypropylene to both companies in large quantities, demonstrating Citroniq's commitment to promoting environmentally responsible practices and furthering Mitsui Plastics' mission of sourcing from leading makers of sustainable products.
Citroniq and MPI's collaboration has arrived at a critical moment, with consumers clamoring for products that are eco-friendly, sustainable, and ethical. MPI identified Citroniq's Polypropylene as an appropriate solution to meet the expanding demand for sustainability. Citroniq's green carbon-negative Polypropylene is created from a renewable biogenic feedstock and utilizes renewable energy, trapping CO2 into a useful plastic pellet in the process.
鈥淐itroniq is dedicated to being a 鈥榩ure play鈥� sustainable materials company. With our annual capacity of over 800 million pounds of green Polypropylene at our Kansas plant, our cost position will be highly competitive, leveraging existing feedstocks and logistically advantaged infrastructure,鈥� stated Citroniq鈥檚 co-founder Kelly Knopp
鈥淭ogether, MPI and Citroniq will be able to provide customers with global-scale supplies of 鈥榙rop-in鈥� sustainable resins much faster than the alternatives, resulting in meaningful reductions in their carbon footprint, on schedule with their carbon reduction targets,鈥� stated Citroniq鈥檚 co-founder Mel Badheka.
鈥淢itsui & Co. has set a goal to become carbon neutral by 2050. MPI, as part of the Mitsui & Co. Group, is investigating various options to accomplish this target, such as adding Green Polypropylene to our portfolio through a partnership with Citroniq,鈥� stated Mitsui Plastics Inc. CEO Teruya Mogi.
